Software program for Rental properties

[tycopj]

Any recommendations on a software program for rental properties. Looking for something that will run on a Mac. It's getting difficult to keep everything organized, I would like to find something that you input expenses, deposits, rent payments, mortgage payments, etc throughout the year. Any suggestions would be greatly appreciated.

 

[busyshrew]

My work experience is in Property Management / Administration.

The answer to your question kind of depends on some variables : how much inventory are you tracking? What is your annual operating budget? Are you talking about a commercial/retail operation or residential?

For smaller operations, I use Quickbooks very successfully. With some careful organization it can be easily set up to run everything needed for a typical residential property management company.

For a larger portfolio, you'd really need to look at Yardi. That's what the big boys all use. But believe me - it's beautiful, works well, does everything you need to do and more... and it costs beau-coup bucks!

I'd also recommend talking to an experienced Property Management bookkeeper or administrator to help you get set up if you haven't done this type of record-keeping for your property(ies) before. It will be well worth every penny you spend to get started on the right track, and much cheaper to set up correctly from the beginning than to have to change & revamp in the future (when your inventory / history is likely to be much bigger!).

Good luck.

 

[tvguy]

My work experience is in Property Management / Administration.

The answer to your question kind of depends on some variables : how much inventory are you tracking? What is your annual operating budget? Are you talking about a commercial/retail operation or residential?

For smaller operations, I use Quickbooks very successfully. With some careful organization it can be easily set up to run everything needed for a typical residential property management company.

For a larger portfolio, you'd really need to look at Yardi. That's what the big boys all use. But believe me - it's beautiful, works well, does everything you need to do and more... and it costs beau-coup bucks!

I'd also recommend talking to an experienced Property Management bookkeeper or administrator to help you get set up if you haven't done this type of record-keeping for your property(ies) before. It will be well worth every penny you spend to get started on the right track, and much cheaper to set up correctly from the beginning than to have to change & revamp in the future (when your inventory / history is likely to be much bigger!).

Good luck.

I'm going to pass this on to a friend. She is the bookkeeper for a quy that REFUSES to do anything on a computer or the internet. She even had to find a way around the direct payment rules for withholding taxes. She has been trying to get him to convert to electronic record keeping for 15 years. Hard to believe in this day age she over sees 12 employees and 400 rental units with old fashioned paper books.